As time goes by, more and more options are given to homeowners with regards to how they obtain their energy. There are many reasons why homeowners decide to switch to solar to power their homes. Below are some of the top benefits of having solar panels installed on your home. When looking for reputable companies of solar power New Jersey, visit www.spectacularsolar.com for more information.
The biggest benefit people see from having solar panels installed is the amount of money they save on their energy costs. In many states, it has been estimated that solar can save homeowners a monthly savings of $100 or more. The cost of your panels will pay for themselves over time.
Low Payback Period
For those who are able to pay for the installation of their solar panels in cash, the payback period is only ten years. In states like Hawaii, the payback period is reduced significantly.
Increase In Home Value
An added benefit of having solar panels installed on your home is that they can increase the value of your home in the event you decide to sell it. Similarly to homes in good neighborhoods and with lower property taxes, homes with solar panels already installed are more attractive on the market.
When you have solar panels on your home, you will be eligible for a Solar Federal Tax Credit. This means you can get refunded up to 30-percent of your total system’s cost back. This includes the installation fees and the equipment. For a system that costs you $25,000 to have installed, you will get around $7,500 in savings back during tax time.
As you can see, there are many benefits of having a solar panel system installed on your home. Getting your energy from the sun is considered clean energy and is better for the environment. Solar panels are a secure investment opportunity. Energy obtained from utility companies is not reliable. They are notorious for unreliable electricity and fees that are continually fluctuating. You can count on your solar panels.